Lion Group: Shares of companies controlled by the Lion
Group rose after China Steel Corp. offered to buy the Malaysian
group’s steel business, according to two people with knowledge
of the matter. Lion Industries Corp. (LLB MK) rose 6.6 percent
to 1.77 ringgit, the most since June 22. Lion Corp. (LION MK),
the single-biggest shareholder of Lion Industries, added 5.4
percent to 29 sen. Lion Diversified Holdings Bhd. (LDHB MK),
which owns a stake in Lion Corp., gained 4.8 percent to 55 sen.

A Lion Group spokeswoman referred questions about the sale
of steel assets to a June 23 statement from the company that
said it is in “strategic talks with potential partners.”

Mah Sing Group Bhd. (MSGB MK), a property group, advanced
1.7 percent to 2.44 ringgit, its highest close since July 22,
after forming a joint venture with Asie Sdn. to develop a
residential project in Kuala Lumpur valued at 900 million
ringgit ($304 million).

Pulai Springs Bhd. (PSB MK), a hotel operator and
developer, jumped 27 percent to 1.14 ringgit, the highest level
since Jan. 30, 2009. Pulai received a buyout offer at 1.18
ringgit a share from Swift Redeem Sdn., which owns 32 percent of
the company, it said in a statement.

Scomi Engineering Bhd. (SEB MK) rose 5.5 percent to 86 sen,
the most since June 6. The engineering group and its partners
signed an agreement with the Sao Paulo Metropolitan Co. to build
a monorail system in Brazil, according to a company statement.